Posted in | News | Ferrous Alloys and Metals | Iron and Steel

Nippon Steel to Establish New Steel Company and Production Plant in Thailand

Related Stories

Nippon Steel has confirmed its plans to develop a hot-dip galvanizing facility and to form a new firm for the production and marketing of galvannealed and hot-dip galvanized steel sheets for Thailand’s automotive market.

The tentative name of the new company is Nippon Steel Galvanizing (Thailand) Co.

Nippon Steel will invest $88 million in the new company and will hold an equity ratio of 100%. The new firm is anticipated to construct a hot-dip galvanizing facility in Rayong Province, Thailand. The plant will be equipped with advanced processing equipment currently employed in Nippon Steel’s steel plant in Japan. The company will invest nearly $300 million to build the steel plant, which will be designed to have an annual production capacity of 360,000 tons.

The facility is anticipated to begin production of ultra quality and high-grade galvannealed and galvanized steel sheets as well as high-strength steel and automotive outer-panels in 2013.

Nippon Steel plans to offer customized steel products such as high-grade automotive steel sheets via the new company. The steel market in Thailand is expanding continuously and presents a major market for Nippon Steel. The company expects the same growth rate for the Thailand steel market in the coming years.

Source:

http://www.nsc.co.jp

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Chai, Cameron. (2019, February 09). Nippon Steel to Establish New Steel Company and Production Plant in Thailand. AZoM. Retrieved on October 27, 2024 from https://www.azom.com/news.aspx?newsID=28703.

  • MLA

    Chai, Cameron. "Nippon Steel to Establish New Steel Company and Production Plant in Thailand". AZoM. 27 October 2024. <https://www.azom.com/news.aspx?newsID=28703>.

  • Chicago

    Chai, Cameron. "Nippon Steel to Establish New Steel Company and Production Plant in Thailand". AZoM. https://www.azom.com/news.aspx?newsID=28703. (accessed October 27, 2024).

  • Harvard

    Chai, Cameron. 2019. Nippon Steel to Establish New Steel Company and Production Plant in Thailand. AZoM, viewed 27 October 2024, https://www.azom.com/news.aspx?newsID=28703.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback